Amazon.com (NasdaqGS:AMZN) confirms the successful deployment of 396 Leo satellites, preparing to launch its own broadband internet service later this year. Amazon introduces a new Alexa+ Agentic Ads format that enables shoppers to complete purchases directly within Alexa conversations. AWS deepens its partnership with Anthropic, which is using AWS for high profile AI deployments, including a rece...
Amazon.com (NasdaqGS:AMZN) confirms the successful deployment of 396 Leo satellites, preparing to launch its own broadband internet service later this year. Amazon introduces a new Alexa+ Agentic Ads format that enables shoppers to complete purchases directly within Alexa conversations. AWS deepens its partnership with Anthropic, which is using AWS for high profile AI deployments, including a recent cybersecurity contract and IPO related activity. Amazon.com, trading at $247.04, is adding...
Welcome back to Canada Daily, the newsletter on business, economics and politics from Vancouver to Montreal and beyond. If this was forwarded to you, please sign up . Every week we are given new reminders of much the world has changed in a short period. In 2018, after the killing of journalist Jamal Khashoggi, the government of Prime Minister Justin Trudeau brought down sanctions on 17 Saudi natio...
Welcome back to Canada Daily, the newsletter on business, economics and politics from Vancouver to Montreal and beyond. If this was forwarded to you, please sign up . Every week we are given new reminders of much the world has changed in a short period. In 2018, after the killing of journalist Jamal Khashoggi, the government of Prime Minister Justin Trudeau brought down sanctions on 17 Saudi nationals and declared it wanted to stop Saudi Arabia from buying armored vehicles from a Canadian factory. The relationship between the two countries remained ice-cold for years. Times are different now. Trump 2.0 has altered geopolitics, probably for a very long time. So Mark Carney landed in Jeddah and met with business and government officials, including Crown Prince Mohammed bin Salman, the de facto leader of Saudi Arabia and the man US intelligence officials believe approved the operation that resulted in the death of Khashoggi. Carney’s governing strategy is based on the idea that Canada can attract far more investment in the next 10 years than it did over the past 10 years. That means traveling to places that have capital to deploy. Thus Carney became the first Canadian leader to make an official visit to Saudi Arabia since Jean Chrétien in 2000. Canada said its officials and an accompanying delegation of businesses signed agreements with Saudi partners worth more than C$1 billion ($706 million). The Saudis want minerals and Canada has plenty of mining expertise — not to mention all that oil in Alberta. Following the trip, some of each nation’s biggest investors will take a closer look at the other country’s assets. Public Investment Fund, Saudi Arabia’s $1 trillion-plus sovereign wealth vehicle, will attend an investment summit in Toronto in September, Carney told reporters. François-Philippe Champagne, his finance minister, will lead a delegation of the country’s large pension funds to the Gulf state in the coming months. The Jeddah jaunt extends a series of leader-to-...
Lyzr, a startup that builds AI agents for enterprises, used its own AI agent to raise a $100 million round — proof, evidently, that the product actually works.
Lyzr, a startup that builds AI agents for enterprises, used its own AI agent to raise a $100 million round — proof, evidently, that the product actually works.
Asian stocks looked poised to gain on Friday after a resurgence in giant chipmakers drove a rebound on Wall Street. Oil opened lower in early Friday trading. Equity-index futures for Japan, South Korea and Hong Kong all pointed to higher opens. US stock futures were little changed after the S&P 500 added 0.8% and a gauge of semiconductor stocks climbed more than 3%. The tech-heavy Nasdag 100 close...
Asian stocks looked poised to gain on Friday after a resurgence in giant chipmakers drove a rebound on Wall Street. Oil opened lower in early Friday trading. Equity-index futures for Japan, South Korea and Hong Kong all pointed to higher opens. US stock futures were little changed after the S&P 500 added 0.8% and a gauge of semiconductor stocks climbed more than 3%. The tech-heavy Nasdag 100 closed up 1.6%. Treasuries gained Thursday, sending 10-year yields down three basis points to 4.55%. SK Hynix Inc. will be in focus after its US listing of American depositary receipts were priced at $149 each, according to a person familiar with the matter. The ADRs are set to begin when-issued trading Friday on the Nasdaq Global Select Market under the symbol SKHYV. At $149 per ADR, the South Korean chipmaker’s offering would raise around $26.5 billion, data compiled by Bloomberg show. That would be the largest ever first-time share sale in the US by a foreign company, topping Alibaba Group Holding Ltd. ’s $25 billion debut, according to data compiled by Bloomberg. West Texas Intermediate crude slipped 0.4% in early Asia trading. WTI sank 2% to end Thursday near $72 a barrel as traders priced in a limited US-Iran conflict, easing initial concerns that energy infrastructure would come under attack again. Brent settled down near $76. Optimism toward technology resurfaced as investors focused on signs that the AI investment boom remains intact after a sharp bout of selling in chip stocks earlier this week. Micron Technology Inc. plans to increase spending on new plants in the US to $250 billion to help meet demand fueled by the artificial-intelligence boom. Meanwhile, with the US and Iran trading airstrikes, the market treated the attacks as another round of managed escalation based on the premise that the economy can absorb the shock, noted Elias Haddad at Brown Brothers Harriman & Co. Amid ongoing debate about the economy, inflation, rates and geopolitics, the market’s directio...
(RTTNews) - Meta Platforms Inc. (META) has publicly rolled out Muse Spark 1.1, an upgraded multimodal AI model aimed at agentic coding and software development part of the company's push to compete more directly with OpenAI and Anthropic.
(RTTNews) - Meta Platforms Inc. (META) has publicly rolled out Muse Spark 1.1, an upgraded multimodal AI model aimed at agentic coding and software development part of the company's push to compete more directly with OpenAI and Anthropic.
Investors can choose between the broad, seasoned portfolio of the iShares U.S. Technology ETF (NYSEMKT:IYW) and the hyper-concentrated, high-growth focus on artificial intelligence offered by the Roundhill Generative AI & Technology ETF (NYSEMKT:CHAT) . The iShares fund tracks established giants across the U.S. technology sector, providing diversified exposure to hardware, software, and semiconduc...
Investors can choose between the broad, seasoned portfolio of the iShares U.S. Technology ETF (NYSEMKT:IYW) and the hyper-concentrated, high-growth focus on artificial intelligence offered by the Roundhill Generative AI & Technology ETF (NYSEMKT:CHAT) . The iShares fund tracks established giants across the U.S. technology sector, providing diversified exposure to hardware, software, and semiconductors. In contrast, the Roundhill fund is a thematic vehicle designed to capture the specific growth trajectory of generative artificial intelligence and related infrastructure companies. Beta measures price volatility relative to the S&P 500; beta is calculated from five-year monthly returns. The 1-yr return represents total return over the trailing 12 months. Dividend yield is the trailing-12-month distribution yield. Continue reading
Shares of memory chips maker Micron (NASDAQ:MU) jumped 6% in the afternoon session after the company announced a massive expansion of its domestic manufacturing, raising its planned U.S. investment to $250 billion through 2035.
Shares of memory chips maker Micron (NASDAQ:MU) jumped 6% in the afternoon session after the company announced a massive expansion of its domestic manufacturing, raising its planned U.S. investment to $250 billion through 2035.
Olemedia/E+ via Getty Images Sigma Lithium ( SGML ) up 4.5% post-market Thursday after saying it beat its Q2 production guidance by 6%, delivering 35K metric tons of high-grade lithium concentrate compared to its previous expectation of 33K tons. Sigma Lithium ( SGML ) said the performance was due to the successful execution of its comprehensive mining upgrade following a primarization of its mini...
Olemedia/E+ via Getty Images Sigma Lithium ( SGML ) up 4.5% post-market Thursday after saying it beat its Q2 production guidance by 6%, delivering 35K metric tons of high-grade lithium concentrate compared to its previous expectation of 33K tons. Sigma Lithium ( SGML ) said the performance was due to the successful execution of its comprehensive mining upgrade following a primarization of its mining operations, while the Cleantech industrial plant continued to exceed expectations, achieving 70% recovery of lithium from spodumene ore and delivering a ~20% yield. The company said it reached a full operating run rate during Q2 from its expanded mining fleet, supported by an optimized mine plan and enhanced operational execution. "As a result of the primarization, Sigma Lithium's own mining operations team demonstrated its readiness to deliver the raw materials to support the company's industrial growth plans to build a second Cleantech industrial plant within 12 months and potentially a third Cleantech industrial plant," the company said. More on Sigma Lithium Sigma Lithium Shareholder/Analyst Call Prepared Remarks Transcript Why Sigma Lithium Remains The One Stock I'm Most Confident In Sigma Lithium: Out Of The Fire (Upgrade To Hold From Sell)
Most of the attention on Micron Technology (NASDAQ: MU) sits on high-bandwidth memory and the artificial intelligence data center boom. That story is real, but it hides a different shift in how the company sells its products -- a shift that could shape the next earnings report more than any single chip. In the first week of July, Micron announced two strategic customer agreements within six days o...
Most of the attention on Micron Technology (NASDAQ: MU) sits on high-bandwidth memory and the artificial intelligence data center boom. That story is real, but it hides a different shift in how the company sells its products -- a shift that could shape the next earnings report more than any single chip. In the first week of July, Micron announced two strategic customer agreements within six days of each other. A strategic customer agreement is, in plain terms, a promise from a buyer to keep buying. On July 1, it signed a deal with General Motors to secure a long-term supply of memory for the automaker's next vehicle platforms. On July 6, Micron announced a similar pact with Ford Motor Company . Continue reading
Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Robinhood Markets CIO Stephanie Guild, Telsey Advisory Group CEO & Chief Research Officer Dana Telsey, Goldman Sachs Senior Consumer Analyst, Managing Director Bonnie Herzog, Alger Executive Vice President, Portfolio Manager A...
Bloomberg Television brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Robinhood Markets CIO Stephanie Guild, Telsey Advisory Group CEO & Chief Research Officer Dana Telsey, Goldman Sachs Senior Consumer Analyst, Managing Director Bonnie Herzog, Alger Executive Vice President, Portfolio Manager Ankur Crawford, Schwab Center for Financial Research Head of Macro Research & Strategy Kevin Gordon, Class V Group Founder Lise Buyer, Willow Wealth CEO Mitch Caplan, Tanger President & CEO Stephen Yalof, & Deutsche Bank Research Analyst Michael Linenberg. (Source: Bloomberg)